EBRD And Green Climate Fund Join Forces to Boost Climate Finance In Jordan

Source: SolarQuarter

In a collaborative effort to advance climate finance and sustainable development in Jordan, the European Bank for Reconstruction and Development (EBRD) and the Green Climate Fund (GCF) have given the green light to a $4 million investment in Tamweelcom, the country’s second-largest microfinance institution.

The financing includes a senior unsecured loan of up to $4 million, with EBRD contributing up to $3 million and GCF providing up to $1 million. This joint initiative falls under the GCF-Green Economy Financing Facility (GEFF) Regional Framework.